Colorado State University’s hurricane forecast team, led by William Gray, has revised its April forecast, now predicting 12 named storms, eight hurricanes and four major hurricanes for the 2000 season, which began June 1. Gray, professor of atmospheric science, and …
Reacting to the recent announcement that ING had resumed talks to acquire Aetna’s international and financial services’ business, rating agency Standard & Poor’s issued a “CreditWatch with negative implications” for ING Groep N.V. and its insurance subsidiaries, including ING America …
Oakland based EQECAT, a subsidiary of insurance and financial consulting firm EQE International, has been selected by the Central Reinsurance Corporation (CRC) of Taiwan “to assist in a feasibility study for a voluntary residential earthquake pool.” The move is in …
Sven Kado has been appointed chairman of MMC Germany, a subsidiary of MMC, the global Marsh operating company. He will be responsible for coordination between the heads of MMC’s German companies, Marsh GmbH, William M. Mercer GmbH and Mercer Management …
A Lloyd’s study based on a survey at the recent annual conference of the Association of Risk Managers in Birmingham England, has revealed that 75 percent of the companies surveyed had no coverage against damages caused by computer viruses and …
Testimony before the California Assembly Insurance Committee revealed Tuesday that funds from the controversial non-profit foundation created by Commissioner Chuck Quackenbush were used to finance political polls asking residents to rate the department of insurance head’s job performance. Joe Shumate, …
An Arizona court ruling looks to redefine policy language dealing with the definition of “property damage” and how it relates to computer crashes. David Golden, director of commercial lines for the Insurance Research division of the National Association of Independent …
VerticalNet is a leading Internet portfolio of business-to-business trading communities. Insurity Solutions is a provider of e-commerce commercial insurance software applications. Under the terms of the agreement, Insurity Solutions has entered into an extended contract to serve as a provider …
These problems, along with the prospect of huge profits, have given consolidators — repair shop aggregators — the impetus to overhaul the collision repair process through a managed auto repair initiative. The Conning study, “The Managed Auto Repair Initiative: Raising …
These respondents agreed that it is acceptable to increase the amount of an insurance claim by a small amount to make up for a deductible. Nearly one in four respondents (24 percent) said that it is acceptable to increase the …
